Knit Finance Collaborates with KardiaChain to Integration $KAI into the Multichain Platform and Issue Wrapped K-KAI for Cross-Chain Transactions
In pursuit of making DeFi available for everyone to access globally, Knit Finance has taken another huge step forward by establishing partnership with KardiaChain.
KardiaChain is a decentralized, self-optimized blockchain infrastructure focusing on achieving industry-wide interoperability.
The partnership between Knit Finance and KardiaChain will see the allowance of users to maximize DeFi yields with multi-chain APY optimization. The integration of $KAI into its platform will enable the protocol to issue wrapped K-KAI tokens for cross-chain transactions.
Knit Finance ability to unlock liquidity across multiple chains with the aid of the K standard, a token wrapper for assets held in insured custody will enable users to maximize their collateral security by accessing wrappers from their entire portfolio of assets.
KardiaChain is known to be a leading market provider of interoperability and hybrid blockchain solutions for enterprises and governments in Vietnam and the general Southeast Asian region.
In regard to the partnership, Knit Finance CEO Sainath Gupta said: "The synergy of Knit Finance and KardiaChain will prove beneficial to both parties as they build new and innovative avenues in their ecosystems. We are taking a step further by integrating our resources and expertise to promote the mass adoption of blockchain technology globally."
About Knit Finance
Knit Finance is a top DeFi protocol for wrapping both crypto and traditional assets using the k token standard. It delivers all-market bridges to ensure institutions, developers, farmers, and traders can comfortably unlock cross-chain liquidity for any asset type on multiple chains. Minted K-tokens are backed by insured custody to minimize risk exposure.
Through its unique cross-chain liquidity bridge, Knit Finance allows both crypto and real-world assets to move across multiple non-Ethereum blockchain as wrapped tokens.